preisgekrönt
award-winning
Describes something or someone that has received an award.
Der preisgekrönte Film wird nächste Woche im Kino gezeigt.
The award-winning film will be shown in cinemas next week.

award-winning
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award-winning
Describes something or someone that has received an award.
Der preisgekrönte Film wird nächste Woche im Kino gezeigt.
The award-winning film will be shown in cinemas next week.

This word is made up of 'Preis' (award, in the sense of a prize) and 'gekrönt' (crowned), the past participle of 'krönen' (to crown). So it literally means 'crowned with an award'.
Die Königin krönte den Sieger des Turniers.
The queen crowned the winner of the tournament.
'Preisgekrönt' (award-winning) is an adjective formed like a past participle. You can use it before a noun (with declension) or after a verb like 'sein' (to be), where it is not declined.
Der preisgekrönte Autor hält morgen eine Lesung.
The award-winning author is giving a reading tomorrow.
This adjective is often used for creative or high-quality products. Typical examples are 'preisgekrönter Film' (award-winning film), 'preisgekröntes Buch' (award-winning book), 'preisgekrönter Wein' (award-winning wine), or 'preisgekröntes Restaurant' (award-winning restaurant).
Wir haben in einem preisgekrönten Restaurant zu Abend gegessen.
We had dinner at an award-winning restaurant.
excellent / awarded
'ausgezeichnet' and 'preisgekrönt' can both mean that someone or something has received an award. 'preisgekrönt' says this very directly: there was an award. 'ausgezeichnet' can also refer to an official honor, but it is broader, because an 'Auszeichnung' does not always have to be understood exactly as a prize. Learners may confuse the words because people talk about films, books, or people with awards, for example. When the award itself is the focus, 'preisgekrönt' is more precise.

Nach der Arbeit sehen wir einen preisgekrönten Film im Kino.
After work, we are going to see an award-winning film at the cinema.
Im Rathaus wurde die junge Ärztin für ihre Arbeit ausgezeichnet.
At city hall, the young doctor was honored for her work.